Interest payments in Kiribati
Kiribati: Interest payments was 0.8% in 2023. ◆ Volatile
Interest payments in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in Kiribati is 0.8%, measured in 2023.
Compared with earlier readings it is down 8.0% on the previous year and down 48.4% over ten years.
Over the whole period, interest payments in Kiribati peaked at 5.2% in 2012 and was at its lowest, 0.1%, in 2016.
Kiribati ranks 141st of 152 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.3% | 0.1% | 5.2% | 9 |
| 2020s | 0.8% | 0.8% | 0.8% | 3 |
Countries ranked near Kiribati
- 138 Solomon Islands 1.3% compare
- 139 Switzerland 1.0% compare
- 140 Estonia 1.0% compare
- 142 Iran 0.7% compare
- 143 Democratic Republic of Congo 0.7% compare
- 144 Luxembourg 0.6% compare
More public sector data for Kiribati
- Tax revenue 17.5% (2023)
- Taxes on income, profits and capital gains 7.4% (2023)
- Taxes on goods and services 11.8% (2023)
- Net investment in nonfinancial assets 7.1% (2023)
- Net lending (+) / net borrowing (-) -1.4% (2023)
- Interest payments 0.7% (2023)
- Grants and other revenue 80.4% (2023)
- Compensation of employees 31.4% (2023)
- Goods and services expense 29.4% (2023)
- Taxes on international trade 0.5% (2023)
Frequently asked questions
- What is interest payments in Kiribati?
- Interest payments in Kiribati was 0.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Kiribati?
- The highest recorded value was 5.2% in 2012.
- What is the lowest interest payments recorded in Kiribati?
- The lowest recorded value was 0.1% in 2016.
- How does Kiribati rank for interest payments?
- Kiribati ranks 141st out of 152 countries with data for 2023.
- Is interest payments rising or falling in Kiribati?
- Over the last ten years it is down 48.4%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.